Overview

Full Product Details

Author:   Aleksandr V. Gevorkyan
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781800880498

ISBN 10:   1800880499
Pages:   278
Publication Date:   17 January 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Foreword by Barry Eichengreen Preface and acknowledgements PART I: CAPITAL MARKETS 1. Foreign exchange constraint and select developing economies: insights from the Caucasus and Central Asia Aleksandr V. Gevorkyan 2. Domestic sovereign yields puzzle in 2020: falling yields amid a large fiscal shock in emerging markets Hayk Avetisyan, Viacheslav Ilin, and Dmitry Yakovlev 3. Wealth composition, valuation effect and upstream capital flows Uthman M. Baqais 4. Non-financial corporations as financial intermediaries and their macroeconomic implications: an empirical analysis for Latin America Claudia de Camino, Esteban Pérez Caldentey and Cecilia Vera PART II: CURRENCY AND EXCHANGE RATE 5. Currency relationships over time: a network analysis and case study of Mexico Georgia Bush, Serafin Martínez-Jaramillo, Luis O. L. Escobar-Farfán and Erwin Flores-Tamés 6. On the limits of real exchange-rate targeting under foreign exchange constraint Eduardo F. Bastian 7. Optimal foreign exchange reserves in small open economies: the case of the Caribbean Dave Seerattan 8. Two sides of a currency crisis in emerging economies: economic and behavioural side of currency risk derivatives Elżbieta Kubińska, Joanna Wyrobek, Łukasz Faryj and Anna Macko 9. Real exchange rate, demand growth and labour productivity: a growth model of cumulative and circular causation Hugo C. Iasco-Pereira, Fabrício J. Missio, Frederico G. Jayme Jr and Douglas Alencar PART III: COVID-19 AND OPEN ECONOMY 10. Capital flows and emerging market economies since the global financial crisis Otaviano Canuto 11. The Lebanese banking crisis: an exploration of the impaired banking system Samar Issa Index

Reviews

'Most emerging and developing economies face a persistent foreign exchange gap. Holding foreign exchange reserves, even in large amounts, does not eradicate the gap that essentially produces persistently foreign exchange constrained economies. This book is a very helpful collection of chapters that elucidates the various manifestations for the foreign exchange constraint. It covers a wide number of important topics such as capital flows, foreign debt, exchange rate policy, the role of MNCs, financial crisis, and others. The collection will be very helpful to researchers and policy makers.' -- Tarron Khemraj, New College of Florida, US 'With the Ukraine crisis fueling inflation, rising interest rates and soaring debt-burdens, this timely volume brings together diverse approaches spanning theoretical models, empirical investigations, and policy analyses to address the challenges posed by volatile capital flows, deteriorating exchange-rates and the impact of Covid-19 to EMDCs in a world in flux.' -- Ramaa Vasudevan, Colorado State University, US 'The chapters in Professor Gevorkyan's edited book are a reminder that the external constraint is essentially a foreign exchange one, and that the post-Bretton Woods institutions are ill designed to help developing countries cope with the volatility of international capital flows. This is a timely and relevant collection of papers that should be required reading for all the experts in international financial issues.' -- Matias Vernengo, Bucknell University, Pennsylvania, US 'After more than 2 decades of work in developing countries, realizing the many ways conventional modern macroeconomics education misses the main challenges that are actually faced by their policymakers, I am delighted to see the relevant topics for growth and macroeconomic stability in developing economies make a comeback. Aleksandr Gevorkyan and the authors that joined him in this fine treatment of the issues need to be congratulated and encouraged to continue deepening this most-relevant research and policy analysis program.' -- Joao Farinha Fernandes, Asian Development Bank

'After more than 2 decades of work in developing countries, realizing the many ways conventional modern macroeconomics education misses the main challenges that are actually faced by their policymakers, I am delighted to see the relevant topics for growth and macroeconomic stability in developing economies make a comeback. Aleksandr Gevorkyan and the authors that joined him in this fine treatment of the issues need to be congratulated and encouraged to continue deepening this most-relevant research and policy analysis program.' -- Joao Farinha Fernandes, Asian Development Bank

Author Information

Edited by Aleksandr V. Gevorkyan, Ph.D., Henry George Chair in Economics and Associate Professor, Department of Economics and Finance, The Peter J. Tobin College of Business, St. John’s University, New York, US

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions